VinFast Auto Ltd. (VFS)
NASDAQ: VFS · Real-Time Price · USD
3.110
-0.010 (-0.32%)
At close: Aug 21, 2026, 4:00 PM EDT
3.090
-0.020 (-0.64%)
After-hours: Aug 21, 2026, 7:58 PM EDT
VinFast Auto Cash Flow Statement
Financials in millions VND. Fiscal year is January - December.
Millions VND. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -109,772,830 | -99,384,659 | -77,265,364 | -60,168,126 | -52,887,812 | -32,183,727 |
Depreciation & Amortization | 11,664,029 | 11,457,244 | 9,876,477 | 6,981,919 | 6,389,755 | 4,891,372 |
Loss (Gain) From Sale of Assets | 605,732 | 756,181 | 570,050 | 81,165 | - | 113,395 |
Asset Writedown & Restructuring Costs | 8,244,475 | 8,742,185 | 3,932,677 | 1,303,932 | 1,094,484 | 164,978 |
Loss (Gain) From Sale of Investments | 2,704,929 | 3,017,050 | 3,183,030 | 4,879,833 | -1,207,050 | 753,441 |
Loss (Gain) on Equity Investments | 73,758 | 106,093 | 48,836 | -36,422 | -32 | 36,786 |
Provision & Write-off of Bad Debts | - | - | - | - | 172,571 | 206,325 |
Other Operating Activities | 41,031,456 | 31,001,915 | 26,227,518 | 13,901,809 | 10,970,019 | 7,609,942 |
Change in Accounts Receivable | -2,661,927 | -3,422,919 | -7,931,433 | 2,796,713 | 1,219,651 | -7,406,143 |
Change in Inventory | -13,113,561 | -13,494,789 | -6,749,753 | -13,296,710 | -21,771,281 | -3,857,721 |
Change in Accounts Payable | 23,324,971 | 20,682,725 | 19,539,512 | -5,122,209 | 8,643,254 | 760,098 |
Change in Other Net Operating Assets | -4,828,625 | -3,922,265 | -1,900,011 | -1,592,521 | -491,205 | -57,834 |
Operating Cash Flow | -42,727,593 | -44,461,239 | -30,468,461 | -50,270,617 | -47,867,646 | -28,969,088 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -24,311,221 | -22,979,265 | -16,689,295 | -24,527,946 | -23,337,793 | -6,007,925 |
Sale of Property, Plant & Equipment | 670,600 | 567,271 | 54,832 | 80,913 | - | 48,798 |
Cash Acquisitions | - | - | -10,252 | -6,900 | - | -77,099 |
Divestitures | - | - | - | - | - | 424,418 |
Investment in Securities | 1,302,543 | 815,000 | -2,406 | -1,039,033 | -940,446 | -3,023,042 |
Other Investing Activities | -5,285,114 | -5,243,839 | 3,797,914 | 11,551,834 | - | - |
Investing Cash Flow | -31,043,575 | -30,261,216 | -16,025,837 | -24,421,132 | -21,124,819 | 2,420,050 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 41,497,937 | 62,706,898 | 71,612,073 | - | - |
Long-Term Debt Issued | - | 64,582,395 | 36,173,921 | 48,202,503 | 105,032,469 | 38,042,837 |
Total Debt Issued | 129,276,065 | 106,080,332 | 98,880,819 | 119,814,576 | 105,032,469 | 38,042,837 |
Long-Term Debt Repaid | - | -92,430,937 | -71,876,906 | -72,950,566 | -41,637,135 | -18,677,191 |
Net Debt Issued (Repaid) | 12,305,329 | 13,649,395 | 27,003,913 | 46,864,010 | 63,395,334 | 19,365,646 |
Issuance of Common Stock | 63,529,838 | 63,529,890 | 21,994,658 | 28,591,194 | 6,963,784 | 9,988,508 |
Common Dividends Paid | - | - | - | - | - | -498,959 |
Other Financing Activities | - | - | - | - | -41,649 | - |
Financing Cash Flow | 75,835,167 | 77,179,285 | 48,998,571 | 75,455,204 | 70,317,469 | 28,855,195 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 1,155,690 | 210,647 | -74,770 | -266,319 | -31,218 | -108,983 |
Net Cash Flow | 3,219,689 | 2,667,477 | 2,429,503 | 497,136 | 1,293,786 | 2,197,174 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -67,038,814 | -67,440,504 | -47,157,756 | -74,798,563 | -71,205,439 | -34,977,013 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -69.12% | -74.78% | -107.13% | -268.25% | -511.25% | -218.22% |
Free Cash Flow Per Share | -28657.31 | -28831.26 | -20166.54 | -32368.80 | -30972.24 | -22155.21 |
Levered Free Cash Flow | -53,250,811 | -58,862,070 | -52,191,461 | -42,515,008 | -84,275,821 | 36,341,405 |
Unlevered Free Cash Flow | -42,379,627 | -48,031,387 | -42,403,233 | -36,184,192 | -80,195,902 | 38,492,728 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 15,878,638 | 13,189,286 | 9,474,495 | 8,822,355 | 5,014,919 | 2,873,846 |
Cash Income Tax Paid | 55,180 | 55,180 | 11,636 | 103,574 | 22,811 | 51,409 |
Change in Working Capital | 2,720,858 | -157,248 | 2,958,315 | -17,214,727 | -12,399,581 | -10,561,600 |